Cango Inc
CANG
27 hedge funds and large institutions have $5.9M invested in Cango Inc in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
4% more funds holding
Funds holding: 26 → 27 (+1)
0.01% more ownership
Funds ownership: 0.28% → 0.29% (+0.01%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less capital invested
Capital invested by funds: $6.61M → $5.9M (-$703K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$186K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$48K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$20K |
| 4 |
Millennium Management
New York
|
+$8.63K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.61K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
-$15K |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$11.8K |
| 3 |
QCM
QRG Capital Management
Chicago,
Illinois
|
-$3.96K |
| 4 |
AL
Aspiriant LLC
Los Angeles,
California
|
-$2.17K |
| 5 |
BlackRock
New York
|
-$1.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fidelity Investments
Boston,
Massachusetts
| $1 | – | – | – |
|
|
27
Mercer Global Advisors
Denver,
Colorado
| – | -$15K | -1,299 | Closed |
|
|
28
BlackRock
New York
| – | -$1.1K | -93 | Closed |
|
|
BTI
29
Blue Trust Inc
Alpharetta,
Georgia
| – | +$250 | +23 | New |
|
CANG Hedge Fund Activity: Q4 2023 in Review
27 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Cango Inc (CANG) for Q4 2023, worth a combined $5.9M — down 11% from $6.61M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new CANG positions and 2 closed out — a net gain of 1 holder — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $186K. The largest seller was Mercer Global Advisors, exiting entirely with an estimated $15K sold.
- 27 institutional investors held Cango Inc (CANG) as of Q4 2023, up from 26 in Q3 2023.
- Funds reported $5.9M of Cango Inc stock for Q4 2023, down 11% quarter-over-quarter.
- 3 funds opened new Cango Inc positions in Q4 2023 and 2 closed out, a net change of +1 holder.
- The largest Cango Inc buyer in Q4 2023 was Morgan Stanley, an estimated $186K added.
- The largest Cango Inc seller in Q4 2023 was Mercer Global Advisors, an estimated $15K sold.
Based on aggregated 13F filings for Q4 2023.